Digital Twins are forecast to form the essential building blocks of a Metaverse which connects the physical world with the virtual, enabling optimal urban decarbonization throughout a crucial decade in the Race to Zero, according to the US National Institute of Standards and Technology (NIST).
The current energy squeeze made worse by the tragic events in Europe is accelerating this need for decarbonization and a new approach to managing and driving down the consumption and cost of power.
ABI Research and Ernst and Young report Digital Twins can reduce carbon emissions in urban areas by 50-100%, cut operating costs for building owners by 35% and boost productivity by 20%. The Metaverse, forecast by Bloomberg to become an $800bn market opportunity, is the next evolution of the internet.
The Metaverse, forecast by Bloomberg to become an $800bn market opportunity, is the next evolution of the internet. Digital Twins can reduce carbon emissions in urban areas by 50-100%, cut operating costs for building owners by 35% and boost productivity by 20%.
Digital Twin is the world’s first green building digitally tradeable asset using blockchain technology that is directly linked to a carbon rewards program. Decarbonization of the built environment is a key metric for Digital Twin technology, and its ability to link financial incentives like carbon credits will massively accelerate take up from building owners.
Cityzenith’s Digital Twin platform is being implemented within ten major world cities to drive down emissions. Las Vegas, New York, and Phoenix are already participating members, with other international cities expected to follow. The Metaverse is a digital world that lives alongside our physical one and allows us to work and play alongside each other.
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